In the largest initial public offering in U.S. trading history, credit card supergiant Visa made its splash into the markets at an initial price of $44 for 406 million shares, raising nearly $18 billion. Hoping to duplicate the performance of recent market entry MasterCard, which has a smaller slice of the credit card pie, Visa was successful in getting a coveted single letter 'V' as its stock symbol.
Just hours after its debut, the stock has popped almost 50%, with a high of $65/share.
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